You've been quiet. Where did you here growth is non-existent, I'd be interested to read about that. WRT WTF is going on, as the Outsider says everything is getting hammered, particularly if their are debt concerns. I am of the understanding that I4p stated they are ceasing to cover the stock, I'm not sure why (I'm still wondering if coverage is free?) Anyway the sp took a hit. I bought more today. I think nerves will settle when the property is sold and some debt retired. Note that the Tender closed with 18.5 million plus on the table.
This extract from http://business.smh.com.au/digging-around-in-the-pilbara-dirt/20080305-1x7q.html?page=fullpage#contentSwap3
"Last night Carosa reiterated that the company was in solid financial shape, saying it had a multi-year credit facility in place and was planning to sell a warehouse in Brisbane by June to help retire its $21 million in short-term debt. Expressions of interest in the property closed yesterday, with offers of "$18.5 million plus" on the table. "It's business as usual," he said. "
End
A little bit of a rebound might be on the cards, what do you think?
Oscar
P.S my order is not completely filled yet so a little drop to 10 cents at close (I'm at the front) would not upset me
DES Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
